Star Air secured ₹150 crore in a series B funding round from a diverse consortium of investors, including Micro Labs Ltd and Deepak Agarwal of Bikaji Foods

Star Air ₹150 Crore Funding

Star Air, the aviation wing of the illustrious Sanjay Ghodawat Group (SGG), has reached a significant financial milestone, with ₹150 crore of the first tranche of its highly ambitious Series B round. This massive capital injection, which is the first-ever external fundraising of the airline, is a milestone in its plans to capitalize on the healthy growth in India’s regional aviation industry. The overall Series B programme would raise ₹350 crore as Star Air envisions to raise the remaining ₹200 crore before the fiscal year 2026-2027 (FY26-27). This strategic financial plan will be used to support the long-term vision of the airline as well as the short-term expansion objectives, preparing the airline to experience a considerable expansion of its operations.

Capital infusion and strategic deployment

With the successful completion of this initial tranche of Series B financing it is an indication that the investors have great confidence in the model of operation and future outlook of Star Air. The ₹150 crore was raised in a group of varied investors, most notably, Micro Labs Ltd, Deepak Agarwal of Bikaji Foods, and several other key investors.

This capital injection is essential because the airline is in the process of strengthening its operations in the market in the face of increasing regional connectivity demand in India. Being the aviation division of SGG, Star Air is taking advantage of this financial support to propel itself towards its strategic objectives, which not only include the traditional airline business but also a broader aviation foundation.

The ₹150 crores that are secured will be used in a number of key growth and capacity-building areas. The main objective of the capital investment is to accelerate fleet growth and to expand the route network by a substantial margin. This will be a direct reaction to the strong demand that the Indian aviation industry is registering at present due to the growth of regional routes as well as the ever-increasing passenger levels.

Star Air has a current fleet comprising Embraer E145 and E175 planes and a rotary wing segment that has four Airbus helicopters. The new financing will help achieve the acquisition that will be required to fulfill the ambitious long-term fleet plan of the airline.

The main part of the capital will be channeled towards reinforcing the Non-Scheduled Operator Permit (NSOP) operations within the airline. This specialization will enable Star Air to expand its activities beyond its scheduled business flights. It is expected to make a substantial investment in its Maintenance, Repair, and Overhaul (MRO) capabilities.

By focusing resources on MRO, Star Air is positioning itself to gain a higher level of operational autonomy and self-discipline, which it has already established as the backbone of operating profitability, even in the difficult environment of the industry.

Vision and market position

Star Air was founded in 2019. Star Air has gained a good presence in the market and has 31 destinations in India at present. The performance of the airline has already been recognised in the industry, with the Best Domestic Airline (RCS) honour at Wings India 2022. This is the history of operational excellence on which its ambitious future strategy is built. The generated capital will serve the following important stage of its development as the regional aviation ecosystem in India will further develop and evolve.

The ultimate goal that Series B funding is aimed at supporting is running a fleet of 50 aircraft by 2030. The targeting of this aggressive fleet is an issue that highlights the determination of the airline to continue growing in the regional aviation environment. The extra capital to be invested in FY26-27 will play a significant part in a large capital expenditure investment needed to accomplish this and support its position of dominance in the regional market.

Conclusion

The ₹150 crore raised by Star Air through the first tranche of its Series B fundraising is a first, given that the company has never undertaken any external funding previously, which offers it the financial capacity it needs to carry through its next growth stage. This is a strategic investment supported by a group of prominent investors that will not only jump-start fleet and network growth today, but will also enhance key NSOP and MRO services. Having a long-term target of 50 planes in operation in 2030 and an overall dedication to linking real India with low-cost air travel, the capital supports the status of Star Air as a strong and lucrative firm with a commitment to operational excellence in the fast-changing regional airline industry.

The Future of Web Development

The Future of Web Development

Introduction

In the rapidly evolving digital era, web development and website development are no longer just about coding. They have become a blend of technology, creativity, and user experience. Businesses, entrepreneurs, and developers must keep up with emerging trends to stay competitive.

From artificial intelligence to progressive web apps, the future of web development promises faster, smarter, and more intuitive online experiences. Understanding these trends helps companies build websites that not only attract visitors but also engage, convert, and retain them in the long term.

The Evolution of Web Development

The journey of web development has been remarkable. Initially, websites were simple static pages with limited functionality. Over time, they evolved into dynamic platforms with advanced interactivity and functionality.

Today, website development integrates:

  • Responsive design for mobile and desktop devices
  • User-centric layouts and interfaces
  • High-speed performance and optimized loading
  • Interactive features and intelligent automation

As the digital landscape grows, the line between design and technology blurs, making web development a complex yet exciting field.

Trend 1: Artificial Intelligence and Chatbots

One of the most significant trends shaping the future of web development is the integration of AI and chatbots.

AI in Web Development:

  • Personalized User Experience: AI algorithms analyze user behavior to deliver customized content and recommendations.
  • Automation: Tasks like customer support, data analysis, and predictive navigation can now be automated.
  • Enhanced Search Capabilities: AI improves search functionality, helping users find information faster.

Chatbots:

Modern websites are increasingly using AI-powered chatbots to engage visitors 24/7. They improve user satisfaction, answer queries instantly, and guide users through sales funnels — making them an essential part of website development strategies.

Trend 2: Progressive Web Apps (PWAs)

Progressive Web Apps are revolutionizing the way users interact with websites. They combine the best of web and mobile applications to provide fast, reliable, and immersive experiences.

Benefits of PWAs:

  • Offline Accessibility: Users can access content even without an internet connection.
  • Faster Load Times: PWAs offer performance similar to native apps, reducing bounce rates.
  • Increased Engagement: Push notifications keep users informed and engaged.

For businesses, integrating PWAs into website development strategies enhances user retention and overall satisfaction.

Trend 3: Voice Search Optimization

With the rise of voice assistants like Alexa, Google Assistant, and Siri, voice search optimization is becoming crucial in web development.

Why Voice Search Matters:

  • Users increasingly prefer speaking over typing.
  • Voice searches are often longer and more conversational, influencing SEO strategies.
  • Optimizing for voice ensures your website stays discoverable and relevant.

Web developers now need to design websites that understand natural language queries and provide instant, accurate responses.

Trend 4: Motion UI and Micro-Interactions

Motion UI and micro-interactions enhance website engagement by adding subtle animations and interactive elements.

Examples:

  • Animated buttons and icons
  • Hover effects on images or links
  • Scroll-triggered animations
  • Loading progress bars and interactive notifications

These design elements improve user experience, guide attention, and make websites feel more dynamic and modern — blending the art of design with the science of web development.

Trend 5: Cybersecurity and Data Privacy

As websites become more sophisticated, the importance of cybersecurity in web development has skyrocketed.

Key Considerations:

  • SSL encryption for secure connections
  • GDPR and data privacy compliance
  • Regular software updates to prevent vulnerabilities
  • Implementation of firewalls and malware detection

For businesses, website security is not optional — it builds trust, protects user data, and safeguards brand reputation.

Trend 6: Mobile-First and Responsive Design

Mobile browsing now exceeds desktop usage, making mobile-first design a critical focus in modern web development.

Why Mobile-First Matters:

  • Google prioritizes mobile-friendly websites in search rankings.
  • Users expect seamless navigation on any device.
  • A responsive design enhances engagement and reduces bounce rates.

Designing for mobile first ensures a smooth experience for all users, whether they’re on smartphones, tablets, or desktops.

Trend 7: Serverless Architecture

Serverless architecture is transforming backend development. It allows developers to build applications without managing server infrastructure directly.

Benefits:

  • Reduces operational costs
  • Enables faster deployment
  • Scales automatically to handle traffic spikes
  • Focuses developers on coding and functionality rather than server maintenance

Serverless architecture is becoming a standard in web development, especially for startups and cloud-based applications.

Trend 8: Single Page Applications (SPAs)

Single Page Applications load all content dynamically on a single page, enhancing user experience by eliminating page reloads.

Advantages of SPAs:

  • Faster interactions and smooth navigation
  • Reduced server load
  • Ability to create complex applications within the browser
  • Seamless integration with APIs and backend services

SPAs are widely used in social media, e-commerce, and enterprise applications, making them a key trend in modern website development.

Trend 9: Low-Code and No-Code Development

The rise of low-code and no-code platforms is making web development accessible to non-programmers.

Benefits:

  • Reduces development time
  • Allows rapid prototyping and iteration
  • Enables businesses to create functional websites without extensive coding knowledge
  • Supports integration with various third-party tools and APIs

While traditional coding remains essential for complex applications, these platforms are reshaping how businesses approach website development.

The Role of Web Development in Business Growth

In a digital-first world, businesses cannot afford to neglect web development. A well-crafted website drives growth by:

  • Enhancing Brand Visibility: A professional website attracts new audiences.
  • Improving Customer Engagement: Interactive features keep visitors engaged.
  • Boosting Sales and Conversions: Optimized websites convert visitors into customers.
  • Providing Analytics and Insights: Data-driven strategies help businesses refine products and services.

By embracing emerging trends, businesses ensure that their websites remain competitive, functional, and visually appealing.

Conclusion

The future of web development and website development is an exciting blend of technology, design, and user-centric experiences. Trends like AI, PWAs, voice search, motion UI, and serverless architecture are shaping a digital landscape that is faster, smarter, and more interactive.

Developers, designers, and businesses must embrace these innovations to create websites that meet modern user expectations. By combining creativity with technical expertise, the next generation of websites will not only be functional but also engaging, secure, and adaptive — ensuring that the digital world continues to evolve in extraordinary ways.

Honasa Consumer achieved a ₹39 crore net profit for the Q2 FY26, CEO Varun Alagh declared ‘Mamaearth Back in Green’

Honasa Consumer Q2 FY26 Profit

The parent company, Honasa Consumer Ltd., which owns its flagship brand Mamaearth, posted an impressive body of earnings during the 3 months between the period of ending September 30, 2025, which forms the second quarter of the 2026 fiscal year (Q2 FY26). It was marked by a vigorous drive on innovation, strategic category depth, and a keen emphasis on brand diversification, which eventually resulted in a radical financial turnaround of the Gurugram-based entity.

Profitability and operational efficiency

The consolidated Profit After Tax (PAT) of Honasa Consumer Ltd. is ₹39 crore in Q2 FY26, which is a stark contrast to the loss of ₹18.56 crore in the corresponding period of the previous fiscal year. This giant turnaround to profitability is the headline figure that defines the performance of the company. Alongside this profit growth was a healthy top-line performance, where revenue on operations calculated on a like-for-like basis came to ₹566 crore. This value is a substantial 22.5% increase over the previous year, clearly showing that the company has a high level of consumer demand and well-structured market penetration plans.

The operating margins were also stable and confirmed the financial discipline of the company. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) was maintained at ₹48 crore, which is a healthy 8.4% margin. The gross profit margin was very high at ₹71.9. Honasa recorded consolidated revenue of ₹1,133 crore in the first half of FY26 (H1 FY26), an annual growth of 12% over ₹1,016 crore in the same period last year, with the half-year profit increasing by 3.7 times to ₹80.5 crore.

The flagship brand, Mamaearth, was the key to this quarterly success, as it managed to restore its growth rate on the market. One of the indicators was the notable market share of a 123-basis point rise of the brand in the face cleansers category, as measured by NielsenIQ. This success in the already competitive personal care segment indicates how strong the consumer bond and product offerings of Mamaearth are. To expand this trend, Mamaearth Rice Facewash became the first addition to its successful Ubtana line and Vitamin C line to enter the highly sought-after club of ₹100 crores annually, which was a big success with a comparatively younger range of products in the Mamaearth brand.

Along with the revitalization of Mamaearth, the high diversification policy of the company had excellent outcomes. Another of the core brands of Honasa, The Derma Co., hit the big mark of ₹750 crore Annual Recurring Revenue (ARR). The brand also achieved significant external recognition and was named by Euromonitor as India’s No. 1 sunscreen brand in 2024. In addition to the two dominant brands, Honasa had a number of emerging brands that had increased more than 20% per year in Q2 FY26 and have managed to continue their growth momentum in their respective areas of focus. This favorable consumer activity had been measured in terms of unit volume growth of a sound 16.7% for the quarter, which is a good underlying consumer demand for the company’s product line.

Investments and financial control

The expansion roadmap implemented by Honasa was not just concerned with brand performance, but also with strategic expansion and cost-controlling rigor. The company actively reinforced its physical presence and experienced a 35% growth in the number of direct outlets billed under the general trade distribution channel annually in the first half of FY26. This growth indicates a strategic move to expand their products outside the digital platforms.

Innovation was also a major driver of growth, and the company introduced Luminéve, the first high-end skincare brand, only via the Nykaa platform. This initiative is a strategic move into the high-end premium skincare market segment. Honasa had a calculated risk by buying 25% of up to ₹10 crore in Fang Oral Care, a luxury oral care brand.

The company had advanced financial control in terms of the cost structure. Although the cost of procurement of products naturally rose in Q2 FY26 to ₹159 crore, compared to the ₹144 crore in the year-ago period, or 32% of total spending, the company equally registered significant efficiencies. Spending on marketing, legal, and other overheads went down by 9% annually. This streamlining of operations assisted in maintaining the overall total cost relatively constant at ₹505 crore, and this reflects a good balance in terms of investing in core products and limiting discretionary expenditure.

Conclusion

The Q2 FY26 outcome confirms that Honasa has an effective business strategy since it shows a decisive switch back into profitability with a net profit of ₹39 crore. The company demonstrated efficiency in its operations, which was evidenced by the rise in the market share of Mamaearth, the milestone success of The Derma Co., and the strategic innovations such as Luminéve. The assertion of the CEO Varun Alagh concerning the power and stability of our growth playbook confirms the ongoing expansion of House of Purposeful Brands offered by Honasa in India.

IIT Mandi Holds its 13th Convocation Ceremony, Honouring over 25% females among 604 Graduates: Marking New Academic Milestones

IIT Mandi 13th Convocation
  • The President of India Gold Medalist This Year Is Also A Female Student
  • IIT Mandi will celebrate 15th year convocation as home coming for the first batch

Mandi; November 13th, 2025:  The Indian Institute of Technology (IIT) Mandi held its 13th Convocation today at its scenic North Campus in Kamand Valley. The ceremony marked another milestone in the institute’s journey as a premier center of technological innovation and interdisciplinary research in India’s Western Himalayas.

A total of 604 students were awarded degrees this year, including 71 Ph.D., 245 postgraduates, and 288 B.Tech graduates. Among these, over 25 percent of graduates are female. This year’s convocation showcased IIT Mandi’s growing reputation for academic excellence, research impact, and innovation-driven learning and preparation of next-gen entrepreneurs.

The grand event was graced by Prof. Shekhar C. Mande, Former Director General, Council of Scientific and Industrial Research (CSIR), as the Chief Guest who delivered the Convocation Address. In his inspiring speech, he emphasized the importance of innovation for sustainable development and encouraged graduates to lead with empathy and integrity in addressing national goals and global challenges. Dr. Jagannath Nayak, Director, Centre for High Energy Systems and Sciences (CHESS), DRDO, and Prof. Budaraju Srinivasa Murty, Director, IIT Hyderabad, attended as Guests of Honour. The ceremony was chaired by Prof. Laxmidhar Behera, Director, IIT Mandi. 

In his address, Prof. Behera, congratulated the graduating students and lauded their resilience, creativity, and commitment to excellence.  He said, “IIT Mandi continues to nurture a vibrant ecosystem of learning and innovation in the Himalayas. Over the years, IIT Mandi has established itself as a hub of interdisciplinary research that bridges between technological advancements and human values. Our graduates are not only brilliant engineers and scientists but attend to challenges of sustainability through technological innovations that resonate with our local and national priorities.”

Lastly, he remarked, “I congratulate 604 students graduating today, 26% of which are female graduates.  Remarkable to note is that The President of India Gold Medalist today is also a female student.  IIT Mandi albeit a second generation IIT is known for research and innovation.  We are putting a special focus on reverse engineering for products which the world today is depending upon.  Our achievements are now visible in NIRF Rankings 2025 where we have taken a big leap in overall NIRF rankings.  We are committed towards development of the region and working closely for disaster management in the state.

Prof. Shekhar C. Mande, Former Director General, Council of Scientific and Industrial Research (CSIR), said, “I congratulate IIT Mandi for creating such a beautiful campus and institution. Students must think about how they can contribute to the success of nation. Science and Tech should help the society and should not be used in ugly events like the one that happened in Delhi.   Science without humanity isn’t useful.

Prof. Budaraju Srinivasa Murty, Director, IIT Hyderabad and Dr. Jagannath Nayak, Director, Centre for High Energy Systems and Sciences (CHESS), DRDO emphasised students towards contributing to the success of nation. They asked students to focus on becoming job creators and not just job seekers.  

Celebrating Academic Excellence

This year’s Convocation was especially significant as it witnessed the graduation of the first batches from the newly introduced B.Tech–M.Tech Dual Degree, B.Tech with Second Major, and B.Tech with Specialization programs — a milestone reflecting IIT Mandi’s dynamic and future-oriented approach to education. For the first time, the institute also granted degrees in “B.Tech with Specialization in Entrepreneurship” strengthening its expanding focus on interdisciplinary and experiential learning ecosystem. Additionally, 13 students received B.Tech (Honours) degrees this year, marking a new benchmark in academic achievement.

Awarding Excellence and Leadership

The ceremony recognized Outstanding Academic and Research Performances through the presentation of prestigious medals and awards.

  • Riya Arora was awarded the President’s Gold Medal and the Institute Silver Medal in B.Tech (Computer Science and Engineering) for her exceptional all-round performance.
  • Vaibhav Kesharwani received the Director’s Gold Medal for his outstanding contributions to academics and leadership.
  • Bhavya was conferred the Institute Gold Medal (Postgraduate Programmes) for exemplary scholastic excellence.
  • Eshaan received the Institute Silver Medal for B.Tech (Bio-Engineering), while Bishwadeep Purkayastha earned the Institute Silver Medal for B.Tech (Civil Engineering).
  • Other students awarded the Institute Silver Medal are: Raj Singh Bani for B.Tech (Data Science and Engineering), Lakhan Dharamvir Gupta for B.Tech (Electrical Engineering), Arush Samadhia for B.Tech (Engineering Physics), and Keshav Verma for B.Tech (Mechanical Engineering).
  • Among PG students, Institute Silver Medals were awarded to: Yashashvi Trivedi for MBA (Data Science and Artificial Intelligence), Nikhil Tyagi for M.Tech. (VLSI), Praveen Kumar for M.Sc (Applied Mathematics), Vanshika Gupta for M.Sc (Chemistry), and Bhavya for M.Sc (Physics).
  • Aishal Gupta was recognised with the Rani Gonsalves Memorial Medal for her exceptional performance in academics and extracurricular excellence.
  • Akshat Sharma was recognised with the Ms. Kiran Bala Arora Memorial Award.
  • Awards were also presented to Anugraha K Kurian, Najnin Khatun, Vaibhav Sharma, Wanode Ashish Yogendra and Deekshant Sharma for their distinguished academic accomplishments.

As a highlight, NBCC (India) Limited Awards were presented to three top-performing B.Tech students in Civil Engineering, acknowledging their excellence and promise in the field of sustainable infrastructure development.

Charting the Future

The 13th Convocation Ceremony was a true celebration of perseverance, innovation, and excellence. It also underscored IIT Mandi’s unwavering commitment to interdisciplinary research, entrepreneurial spirit, and societal impact. Faculty members, parents, alumni, and dignitaries joined together in applauding the accomplishments of the graduating class.

The event reaffirmed IIT Mandi’s mission to nurture technologists, researchers, and innovators who will lead with creativity, compassion, and courage in shaping a sustainable future.

Trishul Space secured ₹4 crore in a pre-Seed funding round led by the IAN Angel Fund

Trishul Space Secures ₹4 Crore

Indian deep-tech aerospace startup Trishul Space has raised a ₹4 crore round in the pre-seed round. The IAN Angel Fund led this massive capital injection, and other key contributors were 8X Ventures and Immersive Technology and Entrepreneurship Labs (ITEL). The investment is considered a powerful confirmation of the technological competence of the company and its ability to provide the latest, but cost-effective, solutions to government as well as individual manufacturers of launch vehicles.

Newly acquired funds and growth

The acquired funds have been efficiently distributed as per two main goals that are most important to the near-term development of the company and its financial sustainability. A large part of the capital will be allocated to research and intensive testing of the advanced turbopump technology by the company. Turbopumps are sophisticated and high-performance components that are necessary in liquid-propellant rocket engines and are crucial in maintaining reliability and a high thrust-to-weight ratio.

The investment will also speed up the progress and near-commercialization of the flagship product, Harpy-1, of the company. The Harpy-1 is a high-performance liquid rocket engine that is designed specifically to work with small satellite launch vehicles. Through these two segments, Trishul Space will be able to move its theoretical designs and prototyping into flight-ready, commercially viable hardware in the shortest amount of time, reducing the expected amount of time-to-market on its advanced propulsion solutions.

Core focus and enhancement

Trishul Space was co-founded by Aditya Singh, Divyam, and Rajat Choudhary in 2022. The company specialises in deep-tech aerospace, meaning they are fundamentally in the business of developing propulsion systems based on efficient staged combustion cycles. This is a progressive engine design that has the highest efficiency and performance characteristics, enabling it to carry more cargo and less cost to launch. An AI-based failure detection mechanism is also a part of the technology stack. This new implementation of artificial intelligence is aimed at tracking the engine operation in real-time, predicting possible failures, and improving the stability of the entire propulsion system. This AI-based solution is a major point of difference, and not only does it offer space access that is faster and more cost-effective, but it is also extremely competitive internationally.

It has its headquarters in Prayagraj, Uttar Pradesh, but does its research and development in the R&I Park of IIT Delhi. The model of a dual location enables Trishul Space to operate within the scholarly and research setting of a top university and still have its main location.

The presence in the R&I Park affords the company an ecosystem that is favorable to deep-tech innovation and partnership, which supports the company’s mission of offering affordable propulsion solutions to a wide spectrum of customers, including government space agencies and newcomer small launch vehicle manufacturers. It is a structural base created to develop the domestic space capabilities of India and the global move toward a genuinely spacefaring civilization.

Conclusion

The ₹4 crore pre-seed funding of Trishul Space is not only a message of capital raising but is also a clear message in the direction this space technology is taking in India in the private sector. With the emphasis on the development of the superior propulsion systems (staged combustion cycles), artificial intelligence (AI) based failure detection, and the Harpy-1 liquid rocket engine, the company is also solving a major bottleneck in the launch vehicle industry, the necessity of powerful, reliable, and cost-efficient engines. Investor support and strategic direction of investors like IAN Angel Fund will definitely add to the commercialization of these deep-tech solutions.

ACS Energy secured ₹1.1 crore in a pre-Seed funding round led by Inflection Point Ventures (IPV)

ACS Energy Secures ₹1.1 Crore

Energy management and electric vehicle (EV) charging startup ACS Energy has reported that it has managed to raise ₹1.1 crore of pre-seed funding. ACS Energy is majorly funded by Inflection Point Ventures (IPV), the first major vote of confidence in the vision of a seamlessly electrified, smartly managed energy future in the country.

Capital infusion and primary objective

The capital inflow is planned in such a way that it helps the company to achieve two-fold goals of rolling out its range of EV charging stations in major Indian states and establishing complex energy management systems in high-rise buildings in urban areas, thus becoming smarter in its distribution of power and energy, in general.

The majority of the new capital acquired is allocated to the active growth of the EV charging system of ACS Energy. The company has outlined ambitious strategies for installing more than 5,000 EV charging stations in the western Indian states of Maharashtra and Gujarat. The distinguishing characteristic of this intended network is that it will be based on UPI-enabled payment technology that will simplify the experience of EV owners.

The objective of this expansive network by ACS Energy is to ensure a drastic improvement in access to charging homes and businesses in these areas of high growth. Both the company leadership and its main investor emphasized the decision to integrate the UPI system, which is the keystone of digital commerce in India.

In addition to the immediate growth of the charging network, much of the pre-seed capital will be used to develop the software and technology capabilities of the company. In particular, the financing will be used to come up with superior energy management systems that will suit buildings that are high rises. This project will respond to the issue of accommodating massive power demands, such as EV charging in urban grids.

The key aim of the company in this respect is to introduce intelligent power distribution and load balancing capabilities, so that urban areas will be able to use energy more efficiently. This trend involves the introduction of AI-based Energy Management Systems, which would assist buildings and DISCOMs (distribution companies) in managing the load in a smart  way. 

Market growth and government support

This funding round is strategic because the Indian EV charging infrastructure market is experiencing rapid growth. The domestic market is estimated to have about $450 million this year alone. The industry projections show that the growth will be accelerated and the industry is likely to reach $13 billion by 2032, a growth that will show a projected compound annual growth rate of more than 30%. This local development is taking place in a broader international environment in which the market is expected to grow as much as $400 billion by 2034 due to the extensive electrification efforts and the introduction of smart-grid technologies.

ACS Energy is also expanding rapidly in those areas where the adoption of EVs is growing at an alarming rate, and now has hubs of operation in Mumbai, Pune, Ahmedabad, Kerala, and Surat. By focusing on these major cities and emerging EV centers, the company will be able to create a strong network between urban populations and emerging EV networks.

Government support, especially the PM E-DRIVE scheme with its enormous budget of ₹10,900 crore, presents a significant opportunity to companies like ACS Energy. The scheme will result in a significant amount of new charging stations, both public and residential, providing the company with an excellent chance to work on governmental and utility-related projects, as well as ensuring that it becomes one of the drivers of the future of the Indian EV ecosystem.

Conclusion

Inflection Point Ventures contributed ₹1.1 crores as the pre-seed investment that gives ACS Energy the capital base required to commence the swift, dual-headed expansion plan. The company is directly addressing two key issues within the Indian energy transition, both in providing access to EV charging and in terms of efficiency in citywide power delivery. With the first UPI-enabled charging network nationwide, the company is also rolling out AI-based energy management systems in high-rise buildings. This investment will make ACS Energy’s mission toward making charging easier and more efficient in its use of energy, thereby becoming one of the enablers in the accelerated mobility future of India.

Parag Agrawal’s Parallel Web Systems secured $100 million in a series A funding round led by Kleiner Perkins and Index Ventures

Parallel Web Systems Secures $100 Million

The AI Startup, Parallel Web Systems, led by ex-Twitter CEO Parag Agrawal, managed to raise a major Series A round. This massive capital injection, which is worth $100 million, places a major valuation on the new company, which has been valued at $740 million. The investment is a decisive step in the post-Twitter work of Agrawal, proving his idea of a new specific internet architecture that will be focused not on human users, but on the generation of autonomous AI systems.

Core mission and innovative approach

The core objective of Parallel Web Systems is to develop a new internet layer that is machine-friendly by nature. This strives to fill the need of artificial intelligence agents, or smart tools, to perform complicated computing tasks without human intervention, gaining access to the most accurate and timely information on the live web. 

Parallel Web Systems is building this infrastructure, which will provide these AI agents with the ability to effectively search the web to obtain accurate and up-to-date information. The new solution is a first-mover reaction to the changing demands of the AI industry, in which quality and freshness of training and working data are the two most important factors in the work and functionality of AI agents.

The technology of the company is essentially different from the traditional search engines that tend to be constructed based on processing and responding to human queries. In contrast, Parallel is innovative in its never-ending interest in machine-to-machine interaction. This strategy change represents a larger trend in the industry of moving to agent-based computing, where AI systems are assumed to be more autonomous to perform multifaceted tasks in many digital environments.

Parallel Web Systems is building itself a core component in the creation and deployment of genuinely autonomous AI applications by specializing in this machine-oriented infrastructure as a way to provide a backbone to systems that can autonomously and accurately interface with the enormity of the online realm. This is a vital difference because the requirements of AI agents for data integrity and retrieval efficacy are beyond the current abilities of platforms optimized for human consumption.

Strategic usage of capital infusion

The round of funding, which was the result of the success of the Series A round of $100 million, is a testimony to the belief that investors have in the vision Agrawal has and the technology that is being built out by Parallel Web Systems. This round was notably funded by two major venture capital firms: Kleiner Perkins and Index Ventures. Their Series A round leadership highlights the lack of growth and strategic quality of the specialized AI infrastructure in Parallel in the competitive technology market. The round also involved the participation of existing investors, among them the renowned venture capital firm Khosla Ventures, which demonstrated further confidence in the development of the start-up and its market orientation.

This is a Series A infusion after a previous major investment in the company’s journey. Parallel Web Systems had earlier raised a seed round of $30 million in January 2024. The most recent injection of $100 million increases the total capital that has been raised by the startup to a significant $130 million. This is a strong financial foundation that will enable Parallel Web Systems to implement its ambitious infrastructure development and market expansion plans. The aggregate total raised indicates a speedy ascending tendency of the company and the perceived need for its specialized search and data infrastructure in the fast-growing world of AI.

The capital is capitalized as the $100 million capital will be strategically invested in different areas that Parallel Web Systems requires in order to scale its operations. The major part of the funds will be dedicated to the growth of the engineering staff, such that the company possesses the talent required to build up and improve its complex infrastructure.

It will use the capital to scale its infrastructure, which is essential to manage the huge data processing and retrieval needs of machine-to-machine web interaction. The finances will also be employed to negotiate the necessary licensing agreements with online content owners. Parallel Web Systems has already proven its technology to be useful in the enterprise world. Enterprise clients are already using the platform of the startup to drive their internal AI tools, which is a real-world confirmation of its efficiency and effectiveness. 

Conclusion

The AI search startup Parallel Web Systems, founded by Parag Agrawal, has scaled the first peak, with the successful completion of its $100 million Series A funding round, earning it a $740 million valuation. The initiative, led by Kleiner Perkins and Index Ventures, confirms the ambitious vision of the company to establish a special layer of the internet that will streamline access to data only to the AI agents. This Series A is a significant milestone, which confirms Agrawal in his desire to propel the next level of online interaction with artificial intelligence.

DOCO, a rural distribution startup, secured ₹4.5 crore in a pre-Seed funding round led by GVFL and Malpani Ventures

In another major development to enhance the rural commerce infrastructure, rural distribution startup DOCO, formerly Distrisy Technologies, has secured ₹4.5 crores in a pre-seed investment round. GVFL and Malpani Ventures led the round, and other investors included Kunwar Asheesh Saxena, co-founder and CTO of RedDoorz previously, and other angel investors. This investment is a landmark in the journey of the startup since it intends to expand its business activities and build on penetrating the rural regions in India that have low penetration.

Vision and newly raised capital

Jitendra Yadav and Nishant Agarwal founded DOCO in 2023. DOCO is a Rural Distribution-as-a-Service (Rural DaaS) platform. The startup aims to address one of the most long-standing issues in the Indian retail system, the possibility of efficient and guaranteed distribution in the rural and semi-urban regions. DOCO uses a tech-enabled network of dark stores to deliver Fast-Moving Consumer Goods (FMCG) brands to even the most remote locations in the country, and provides last-mile delivery services.

The newly raised capital will be tactically utilized to boost the technology platform of DOCO, expand its network of dark stores, and bolster its operational presence in rural clusters. The vision of the company is to establish a strong and scalable distribution network, which will close the gap between FMCG brands and rural retailers. Through this financing, DOCO will be able to scale up its growth curve and enable more rural retailers to join the formal supply chain.

The CEO of DOCO, Jitendra Yadav, said, “The successful closure of the pre-seed round is a strong validation of our vision to modernise rural distribution and enable FMCG brands to scale faster. With GVFL and Malpani Ventures as our partners, we aim to accelerate expansion, enhance our technology stack, and empower local youth to drive inclusive market.”

Quotation Source: indianstartupnews  

DOCO’s model and approach

The model of DOCO is based on the idea of dark stores, namely, small and highly positioned fulfillment centers that act as the distribution centers of the surrounding rural regions. These stores are operated on the proprietary tech stack that supports real-time inventory management, order processing, and route optimization. Using technology, DOCO can provide the rural retailers with a variety of products at the right time and at the right cost.

Its business model is designed to combat the ineffectiveness of the conventional multi-level rural supply chain, which has several layers, is slow in delivery, and is difficult to access in terms of the product. The direct-to-retailer approach of DOCO does not have these bottlenecks, and this has provided a smooth supply chain solution that is clear and transparent. This not only has a positive impact on retailers but also enables FMCG brands to increase their market penetration, as well as manage their distribution channels more effectively.

The Managing Director of GVFL, Mihir Joshi, said, “DOCO has built a technology-enabled and transparent model that addresses inefficient rural distribution, which is one of the most persistent challenges in the FMCG space. Its approach of integrating grassroots entrepreneurship with digital infrastructure positions it well to capture the growing consumption potential across India. We are pleased to partner with DOCO at this early stage and support its next phase of expansion.”

Quotation Source: indianstartupnews  

Investors involvement and expansion

The role of GVFL and Malpani Ventures in this financing round indicates that the interest of investors in rural commerce and distribution infrastructure is increasing. Both companies come with strategic knowledge and a long history of assisting early startups in high-impact industries. Their support is supposed to provide DOCO with the essential resources and mentorship to grow successfully.

DOCO expects to grow its operations to 25 dark stores and achieve more than 25,000 retailers next year with the fresh infusion of capital. Such growth will allow the startup to work with a broader geographic coverage area and tap into the rising demand for efficient rural distribution solutions. The company also aims to strengthen its technology to facilitate this magnitude, like enhanced analytics, demand forecasting, and automation of the supply chain.

The Principal at Malpani Ventures, Druv Sane, said, “At Malpani Ventures, we are bullish on innovative solutions that solve problems for Bharat. We are pleased to partner with the team at DOCO as they solve the challenge of last-mile distribution in rural markets with a tech-enabled platform and bringing on board local partners.”

Quotation Source: indianstartupnews  

Conclusion

The pre-seed round of funding that DOCO completed is a major milestone towards its vision of transforming rural distribution in India. The startup is also well-placed to meet the needs of rural logistics and produce a sustainable impact due to its advanced investor support, a clear growth strategy, and technology-first orientation. As it keeps growing its footprint and improving its operations, DOCO will be a major facilitator of rural business and economic inclusion worldwide.

UnboxingBLR Closes Namma Bengaluru Challenge ‘26 with Record Participation:

UnboxingBLR Namma Bengaluru Challenge 2026

Launches Docu-Series on City’s Construction Crisis and Expands Climate Innovation Partnerships

The second edition of the Challenge cements Bengaluru’s role as a sandbox for sustainable urban solutions, combining civic innovation, startup acceleration, and hard-hitting storytelling.


  • The Namma Bengaluru Challenge ’26 witnessed a surge in applications, attracting nearly 600 startups focused on solving critical urban climate issues.
  • NBC ‘26 has been rolled out by UnboxingBLR in partnership with Social Alpha and WTFund. They have joined hands with a powerful coalition of 15+ partners – spread across government, private, venture partners, social sector & civil society – to make this a reality. 
  • The initiative reinforces Bengaluru’s role as a sandbox for scalable climate technologies, catalyzing sustainable urban transformation in India.
  • The NBC ‘26 Challenge is also highlighting climate-focused issues through UnboxingBLR’s podcast “Code to Culture” including guests like Greater Bengaluru Authority Chief Commissioner Maheshwar Rao, while the investigative docuseries with Bengawalk sheds light on construction and demolition waste management in the city.

Bengaluru, November 11, 2025 –

The Namma Bengaluru Challenge (NBC) ‘26, by UnboxingBLR in partnership with Social Alpha & WTFund, closed its application phase on a high note with nearly 600 startups from across India applying to join the challenge. The urban innovation accelerator, now in its second year, aims to identify and nurture early-stage startups developing climate-resilient and sustainable urban solutions in sectors such as air pollution, waste management, water conservation and sustainable construction.

This overwhelming response signals a powerful shift in mindset – entrepreneurs are no longer standing on the sidelines of climate action; they are actively engaged in solving complex problems that the city faces. They understand that while the scope of their work is local, its implications are global. Through the Namma Bengaluru Challenge, they are seeing Bengaluru as both their testing ground and their launchpad to the world. The initiative is solidifying the city’s reputation as a leading sandbox for innovation in climate resilience and sustainable urban solutions.

Building a Stronger Ecosystem of Partners

The program’s strong appeal lies in the caliber and diversity of its collaborators. The core partners — UnboxingBLR, led by Prashanth Prakash; Social Alpha, led by Manoj Kumar and WTFund, led by Nikhil Kamath — bring decades of venture capital experience and a shared commitment to nurturing a vibrant startup ecosystem.

“In our debut edition last year, we realized that giving money to startups is not enough. It is perhaps a great start, but a solid finish needs more. Founders want the guidance of venture capital veterans, the networks that come with it, and opportunities to pilot their solutions within the city. Most importantly, they want to share their stories. We designed this program to deliver on all those needs because that’s what builds a great startup ecosystem,” said Malini Goyal, Co-Founder and CEO of UnboxingBLR.

This edition of NBC is marked by multi-disciplinary partnerships. Core partners UnboxingBLR, Social Alpha and WTFund are leading the initiative, supported by the Government of Karnataka and the Greater Bengaluru Authority (GBA).

Industry leaders such as BIAL – Bangalore International Airport and Brigade Group lead as Challenge Partners, along with program partners like Bengaluru Climate Action Cell, WRI India, Brigade REAP, CoEvolve Estates, Biome Environmental Solutions and Good Earth, collectively bring the muscle, expertise, and mentorship required to solve multi-dimensional urban challenges.

Storytelling as a Tool for Urban Change

Alongside the record participation, UnboxingBLR launched a powerful investigative docu-series in partnership with Bengawalk that throws light on one of the city’s most visible yet overlooked challenges: dust and debris from unregulated construction and demolition (C&D) waste. The series follows the trail of the city’s construction waste to reveal why Bengaluru remains one of India’s dustiest metros. It uncovers the startling economics of urban negligence, legal disposal costs often double that of illegal dumping, and the systemic inefficiencies that turn civic issues into environmental crises. Through citizen voices, data, and on-ground visuals, the series calls for collective action among builders, regulators, and residents, reinforcing UnboxingBLR’s mission of storytelling as civic engagement. 

Click here – Part 2 to drop in December ‘25

Complementing this, UnboxingBLR’s “Code to Culture” podcast recently featured Maheshwar Rao, Chief Commissioner of the Greater Bengaluru Authority (GBA), who provided important updates on key infrastructure projects including the Ejipura Flyover completion timeline, progress on upcoming metro lines, and new frameworks to help citizens escalate community issues effectively.

A Collective Movement Toward Urban Solutions

The enthusiastic participation of startups, partners and collaborators, along with high engagement on social media, reflects a shared belief that Bengaluru’s challenges can only be solved through collective action, not in silos. NBC’s growing ecosystem demonstrates how collaboration between government, industry and startups can deliver scalable and sustainable impact for the city.

As NBC ’26 moves into its next phase, a panel of eminent judges will select five startups to enter a six-month pilot program, each receiving a ₹25 lakh grant and access to an additional ₹1 crore in scale-up funding. These startups will deploy their solutions in partnership with leading real estate, infrastructure, and climate organizations — turning Bengaluru into a sandbox for sustainable urban innovation.

The winners will be announced on January 24, 2026, as part of the city’s premier festival, BLR Hubba, which runs from January 16 to 25, 2026.

About UnboxingBLR:

UnboxingBLR (UBLR) is a Bengaluru-focused collaborative platform dedicated to celebrating and shaping the city’s culture and identity. Founded in 2023 by Prashanth Prakash and Malini Goyal, UBLR brings together people, communities, and institutions to co-create Bengaluru’s story, serving as a city champion, idea catalyst, and collaborative platform.

UBLR drives initiatives such as the Namma Bengaluru Challenge, an accelerator that supports startups and changemakers tackling urban challenges in Bengaluru; BLR Hubba, a city-wide festival celebrating art and culture; the annual WeAreCity data report, a one of kind report on India’s top cities; and Code to Culture, a podcast capturing exploring the city and its people. Together, these initiatives highlight citizen-led innovation and showcase Bengaluru’s cultural vibrancy in action.

IIT Kanpur hosts its biggest UpStart Nationals 2025 event in Bengaluru, inviting 20+ investors including VCs from South Korea & Singapore

IIT Kanpur UpStart Nationals 2025

India, November 12, 2025 — UpStart 2025, the flagship startup pitching competition by Entrepreneurship Cell, IIT Kanpur, hosted their biggest edition of the national event in Bengaluru. The event was hosted in the elite Davanam Sarovar Hotel, attended by 20+ notable dignitaries, including industry leaders and international VCs from South Korea and Singapore.

The event saw the participation of 24+ startups from diverse sectors across technology, healthcare, defence, ed-tech, fashion, sustainability, and F&B, showcasing some of the most exciting early-stage innovations. The Indian Business Model competition was held in a Shark Tank-like live pitching arena, providing a 7+5 minute pitching & discussion session to the participating entrepreneurs in front of the investors, and venture capital firm representatives. The event was even telecasted live in association with StartupTV and iQue Ventures. Further, the selected startups will go through multiple levels of screening and face-to-face mentoring sessions as they prepare for the finals at IIT Kanpur campus on January 25, 2026, as a part of E-Summit’25.

The Entrepreneurship Cell IIT Kanpur team shared their insights on the event, saying, “Bengaluru represents the heartbeat of the Indian startup ecosystem, and is uniquely positioned towards extending IIT Kanpur’s vision of assisting the growth of entrepreneurs. Today’s event witnessed several highly innovative, and motivated entrepreneurs who are building for the future, with the vision of contributing towards national growth. At Entrepreneurship Cell, IIT Kanpur, we stand determined to help these businesses to reach the pinnacle of success, and hope to witness a growing ecosystem in the future.”

The event saw participation from notable investors and VC firms like Unicorn Incubator South Korea, Emphasis Investments, Ankur Capital, Thaksil Ventures, IAN ventures and many more. The UpStart event simultaneously took place in Hyderabad, following the earlier edition in Delhi-NCR, which witnessed participation of over 23 startups in different stages of development. The Delhi-NCR edition hosted VCs from GMR Group, Inflection Point Ventures, Finvolve, GrowX Ventures, and others. The UpStart Nationals have been emphasizing innovative ideas in fintech, health tech, deep tech, Web3, and Cybersecurity, among others. 

The UpStart, brought by Entrepreneurship Cell IIT Kanpur gave entrepreneurs the opportunity to network, share ideas, and receive feedback from industry veterans, providing significant value to their personal and professional growth. The event in Delhi, Hyderabad and Bengaluru would be followed by the Mumbai edition on December 6th, before the finalists are announced for E-Summit’25.

About IIT Kanpur’s Entrepreneurship Cell

Entrepreneurship Cell, IIT Kanpur, is a student-driven body committed to fostering innovation and entrepreneurial thinking among youth. By bridging the gap between student innovators, industry experts, investors, and incubators, E-Cell helps ideas transform into impactful startups. Its mission is to create a generation that is innovative, risk-taking, socially responsible, and driven to turn bright ideas into successful ventures.

For more information, visit: https://www.ecelliitk.org/upstart/

IIM Sambalpur Join Hands with Retailers Association of India To Strengthen Industry-Academia Collaboration

IIM Sambalpur Partners with RAI

MoU aims to empower students to understand and contribute to India’s Retail Future & Brand

New Delhi; November 12th, 2025: One of the premier B-Schools of India, Indian Institute of Management (IIM) Sambalpur, has signed a pact with the Retailers Association of India (RAI) to boost retail education, skill development, and research through a strong industry-academia partnership. The initiative aims to create a dynamic learning platform that enables students to understand the evolving retail landscape, gain practical exposure, and build competencies aligned with contemporary industry demands.

The MoU was signed by Prof. Mahadeo Jaiswal, Director, IIM Sambalpur and Dr. Lawrence Fernandes, Director Retail Learning & Member Relationship, RAI, in the presence of faculty members, students, and representatives from RAI. 

Under this agreement, IIM Sambalpur will get academic membership from RAI, along with access to its vast industry network and participation in retail events such as the Retail Leadership Summit, ReTechCon, and the Retail HR Tech Summit. Additionally, RAI will support the organization of the Annual Retail Conclave at IIM Sambalpur and provide international exposure through curated visits and interactions with leading global retailers.

Speaking on the occasion, Prof. Mahadeo Jaiswal, Director, IIM Sambalpur, said, “This partnership signifies a new era of brand in India concept in Indian management education to nurture responsible, skill-oriented, and innovative industry experience among business students. We believe management education must remain closely linked to real-world practice, and this MoU will enable our students to gain direct learning experiences from the retail industry.”

Kumar Rajagopalan, Chief Executive Officer, Retailers Association of India, remarked, “Retail in India is at a defining moment, growing rapidly, embracing technology, and creating new formats every day. Through this partnership with IIM Sambalpur, RAI continues its mission to bridge industry and academia, ensuring that future leaders are equipped with the skills, exposure, and mindset needed to shape modern retail. This collaboration is not just about education, but about co-creating pathways that strengthen India’s retail ecosystem and make it future-ready.”

The partnership underscores IIM Sambalpur’s commitment to developing industry-driven learning models and RAI’s dedication to advancing retail excellence through education and skill development. Together, the two institutions intend to create future-ready managers equipped to lead India’s vibrant retail sector toward sustained growth.

About IIM Sambalpur:

IIM Sambalpur is one of the premier management institutions in the country and is widely known for its quality education. Spread over approximately 200 acres of land, the breathtaking and spectacular permanent campus of IIM Sambalpur was inaugurated by the Hon’ble Prime Minister of India, Shri Narendra Modi, on 3rd February 2024. The Prime Minister also laid the foundation stone on 2nd January 2021, via video conferencing. Furthermore, the Union Education Minister, Shri Dharmendra Pradhan, recently inaugurated the Incubation Centre, I-Hub Foundation, to promote startups and the ‘Rangavati Centre of Excellence in Cultural and Sustainable Management’.

It also has tie-ups with Flipkart, Amazon, and SIDBI to support, promote and connect regional weavers with global platforms. Equipped with sustainable practices and modernized facilities, the campus values its regional art by mapping the traditional IKAT, patterned textile-dyeing technique onto the brick façade. The institute is also leading a visionary project to make Sambalpur the first sustainable city in India. The institute is committed to providing excellent management education, harbouring a sense of entrepreneurship, and developing socially responsible leaders. IIM Sambalpur is known for its two-year flagship MBA Programme, and admissions are held via CAT. It also offers an MBA for working professionals at the Delhi Centre at ISID, Vasant Kunj, providing options for a dual-degree Programme in partnership with French universities.

Furthermore, in addition to the Executive MBA Programme, the premier institute offers a PhD, Executive PhD, Bachlores Programme in Data Science & AI and Management & Public Policy, and Management Development Programme (MDP). IIM Sambalpur has played a torchbearer role for other IIMs in terms of gender-diverse classrooms. To further enhance classroom engagement, the institute has integrated an AI-powered platform in collaboration with Breakout Learning Inc. to moderate and evaluate small group discussions as part of its MBA pedagogy. IIM Sambalpur cut-off is 92 percentile. IIM Sambalpur’s MBA fee is INR 13.04 Lakh, whereas IIM Sambalpur’s average package stood at INR 16.64 LPA and IIM Sambalpur’s highest package stood at INR 64.61 LPA for the 2023 batch.

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Jay Shah Net Worth 2025: BCCI Secretary’s Salary, Personal Assets Revealed

Jay Shah Net Worth

Introduction:

The name of Jay Shah has been heard most frequently in the world of cricket administration. He is known for his roles in the Board of Control for Cricket in India (BCCI) and the Asian Cricket Council (ACC). He is the chairman of the International Cricket Council (ICC). He also served for several years as the Secretary of the BCCI. In this article, we will discuss Jay Shah’s journey to BCCI, early life, multiple income sources & net worth of 2025.

Jay Shah: Early Life and Education

Jay Shah was born on September 22, 1988, in Ahmedabad, Gujarat. His family has always been in politics and commercials. His father is Amit Shah, who holds a top position in the government as India’s Union Home Minister. Jay also prepared for a career in leadership.

Jay attended school in Gujarat and then graduated in engineering from Nirma University. This educational background taught him how to solve problems analytically and manage them. While, like his father, he was expected to join politics, Jay took a different route and entered the cricket world.

When it came to Indian cricket’s complicated financial and administrative maze, he applied his analytical skills to negotiate his way through that. He began his work with cricket administration in 2009 when he came into the GCA (Gujarat Cricket Association). He later joined the BCCI in 2015, eventually serving as ICC Chairman from 2024.

Estimated Net Worth in 2025

Jay Shah’s total wealth could be close to Rs 124 crore in 2025. This figure represents his total assets, including all his money, company holdings, properties, and investments, after accounting for any liabilities. The number is an estimate, looking at his businesses and growth over the years. It is not an exact figure as personal finances change, but it gives an overall idea of his success.

His wealth has increased steadily since his promotion to bigger roles in cricket. The cricket world helped him become more well-known, but his companies bring real money. The amount might be a bit higher or lower, depending on how markets do. The approximate shows that he has built a strong financial life. 

BCCI Secretary and ICC Chairman: Salary structure

Everyone is curious about the salary of the ICC chairman, who was formerly the BCCI secretary. Both these positions are designated as honorary roles. This means the person holding these roles does not get any fixed or regular salary. Instead of a monthly paycheck, they get daily allowances and full reimbursements to cover the cost and time dedicated to official duties. 

This is done to focus on their work without any financial burdens for domestic and international travel. For attending meetings inside India, the allowance is around Rs 40,000 per day. When travelling outside the country for cricket events, Rs 80,000 daily. For non-meetings but work-related travels, the daily allowance is Rs 30,000. 

These payments cover hotel stays, meals, and travel costs. The board also pays back any extra official expenses. Jay held this position for over five years. Now, he serves as an ICC Chairman, and the salary structure is similar. Meetings happen a few times a year, and each one brings good allowances. This is the same for all top roles. 

Personal Assets 

Residence and property

Jay owns homes in Ahmedabad and Mumbai. The Ahmedabad house is where his family lives most of the time. It is in a comfortable and quiet area. The Mumbai house is useful as the ICC Chairman, as he requires frequent travel and residence in a financial hub. Exact prices and specifics of his property assets are not shared, but they are high-value residences in several crores.

Luxury car collection

His collection of luxury and high-end automobiles is a clear indicator is his wealth. With a rare collection of prestige, high-performance and technologically advanced vehicles, this is where Jay Shah’s wealth would be most reflectable in the tangible assets. They include a Lamborghini Aventador, a Rolls-Royce Phantom, a Ferrari 488, and a Bentley Mulsanne. Each car costs between Rs 4 crore and 10 crore.

Income sources: Jay Shah’s earnings

Most of Jay’s money comes from his own companies. He runs a company, Kusum Finserve, that deals with trading and chemicals. The firm is the major contributor to his wealth. He owns over 60 per cent shares in the company.  

Another company he is part of is Temple Enterprise, which works in finance and lending. He was previously the director of the trading firm. The company was closed in 2017, but it contributed to his finances. These companies bring regular profits that add up over time. 

Acting as the chairman of ICC and a former BCCI secretary gives allowances, but they are not the main source of income for Jay Shah. The experience gives him better business networks and allows him to meet with global sponsors during IPL seasons helps in other deals. 

Jay also keeps some money in safe investments like shares or property. He has holdings in publicly traded stocks across various industries. This also adds the money to his bank account. All these activities together create a strong income flow and add up to Jay Shah’s net worth. 

Conclusion:

Jay Shah’s journey from a B.Tech graduate in Gujarat to the head of world cricket serves as a motivation to many people. His estimated wealth of 124 crore rupees in 2025 reflects his strong financial standing. His role as a successful businessman and the head of global cricket administration makes him one of sports’ most influential and powerful figures. The article mentioned Jay Shah’s assets, salary as a secretary of BCCI and net worth in 2025.

FAQs:

Who is Jay Shah?

Jay Shah is the Secretary of the Board of Control for Cricket in India (BCCI), ICC chairman, and the son of Indian Home Minister Amit Shah.

What is Jay Shah’s net worth in 2025?

As of 2025, Jay Shah’s estimated net worth is around Rs 124 crore.

How does Jay Shah earn his income?

He earns mainly from his role as BCCI Secretary, investments, and business ventures.

What is Jay Shah’s salary as BCCI Secretary?

Jay Shah reportedly earns around Rs 84,000 daily for international meetings and Rs 40,000 per day for domestic ones.

Does Jay Shah own any businesses?

Yes, apart from his BCCI role, he is involved in family businesses and other ventures.

What kind of lifestyle does Jay Shah have?

Jay Shah leads a luxurious yet disciplined lifestyle, often seen at high-profile cricket and political events.

Does Jay Shah have any luxury cars or properties?

Yes, he owns a few premium cars and properties in Ahmedabad and Mumbai.

How old is Jay Shah in 2025?

Jay Shah was born in 1988, so he is 37 years old in 2025.

Is Jay Shah active in Indian cricket administration?

Yes, he plays a key role in shaping Indian cricket policies and international tournaments.

What makes Jay Shah’s success notable?

His rise as a young and influential cricket administrator in India makes him a major name in Indian sports management.